The rise and fall of major corporations isn't necessarily the result of the inexorable application of market forces. Alcoa's grasp on the market was broken as m

The rise and fall of major corporations isn't necessarily the result of the inexorable application of market forces. Alcoa's grasp on the market was broken as much by the aftermath of 'war socialism' as anything else, for example. Companies compete with each other on legal, regulatory, and social planes as well as in the marketplace. I think it's difficult to find any single X that makes "if a company is bad at X, it will be replaced by competitors" a consistently true statement, without X being essentially synonymous with "succeeding".